December 29, 2020 ALSE News, Latest news

Albanian Stock Exchange ALSE and Junior Achievement of Albania with the financial support of the Albanian American Development Foundation, finalize a projet which aims to educate the public with the terminology and general procedures of the capital market, investments and securities trading. 10 animated educational videos related to the capital market and its operators have been concluded from this project. The educational videos have a focus on all age groups, are comprehensive and explain in simple worlds the most important basic concepts related to the capital market.

In these educational videos the main topics are related to Government Securities (Treasury Bills and Treasury Bonds), Corporate Debt Securities, Capital Securities as shares, Stock Exchanges and how it operates, Capital Market Regulators, as well as information about market operators such as Brokerage Firms, Investment Funds and Voluntary Pension Funds.

To access the videos as well as a summary information for each of them, click here (Albanian only)

December 14, 2020 Latest news, News from the Market

TIRANA (Albania), December 11 (SeeNews) – The net profit of banks in Albania fell to 12.6 billion leks ($122.0 million/100.7 million euro) in the first ten months of the year, from 17.2 billion leks in the same period of 2019, the Albanian Association of Banks (AAB) said.

The Albanian banking sector’s outstanding loan portfolio expanded to 592.4 billion leks as at the end of October, from 576.1 billion leks a year earlier, AAB said in a monthly report, citing data of the country’s central bank.

The ratio of problem loans to total loans dropped to 8.29%, from 10.17% at the end of October 2019.

Deposits increased to 1,255 billion leks, from 1,180 billion leks.

The total assets of Albania’s banking system rose to 1,558 billion leks at the end of October, from 1,459 billion leks a year earlier.

Return on assets (ROA) decreased to 1.09 billion leks, from 1.53 billion leks. Return on equity also fell, to 9.66 billion leks from 14.05 billion leks.

The figures comprise the financial results of 12 Albanian banks. The largest one by assets is Banka Kombetare Tregtare (BKT).

Source: SeeNews

November 26, 2020 ALSE News, Latest news

PUBLIC ANNOUNCEMENT 

It was held the 9th meeting of Albanian Network of Financial Education

The Albanian Network of Financial Education (ANFE), an organization created in 2018, supported by 9 financial institutions and representative organizations of market operators: Albanian Association of Banks, Insurance Association of Albania, Albanian Microfinance Association, Association of Life Insurers, Pensions and Investment Funds, Association of Securities Trading in Albania, Albanian Securities Exchange, Junior Achievement of Albania, Partners Albania for Change and Development, National Youth Service, in extraordinary conditions created by the pandemic COVID-19, organized online its 9th meeting, under the custody from two of its members, Insurance Association of Albania and Association of Life Insurers, Pensions and Investment Funds.

In this meeting participated also Ms. Mimoza Kaci, Vice Executive Director of the Albanian Financial Supervisory Authority (AFSA). In her speech Ms. Kaci appreciated the important role that financial education has on consumers and financial market investors. Ms. Kaci highlighted that AFSA is engaged in this direction with a series of initiatives regarding the implementation of the strategy “On increasing the confidence of consumer and investor in the markets under surveillance”. The challenge is the collaboration of all market operators and some institutions in this process, such as Albanian Financial Supervisory Authority, Bank of Albania, Ministry of Education, Sports and Youth, in the function of the development of national platform for financial education.

Participants in this meeting focused and discussed on some terms with interest in financial markets, such as:

  • Health insurance in Covid-19 conditions;
  • Current developments in the markets of private pension, health insurance and investment funds;
  • Latest news on Albanian Securities Exchange and Capital Markets;
  • Educational campaign on “Smart Borrowing” in the Microfinance Market;
  • Dua Partner Invest – A new platform from Partners Shqiperi that serves to start up community by bringing together investors, consultants and start-ups;

With a special interest was followed by participants the presentation from the special guest, Ms. Anja Deinzer, representative of Savings Banks Foundations for International Cooperation.

Ms. Deinzer presented Sparkassenstifung fur international Kooperation (Sparkassenstiftung) and its project for a deep analysis regarding financial education and financial inclusion in urban areas and those rural areas too.

Sparkassenstiftung is an executive agency of the Ministry for Development and Economic Cooperation in Germany. In this framework they support public partners, non-public ones and private sector in order to realize together development measures with the purpose of increasing financial services and inclusion of the small, medium enterprises and farmers.

November 25, 2020 Latest news, News from the Market

 

The Albanian Microfinance Association organized on November 25, 2020, an online event in the form of a video conference on the topic: “Albanian Microfinance in the New Normality: Weathering the Storm”. This Conference is organized on the occasion of the European Day of Microfinance and activities across the continent that are organized to promote microfinance and its role as a major supporter of the needy and enablers of social and financial inclusion.

In this event was discussed about the current issues of the sector, the challenges it has faced or is facing in the sustainable provision of services to customers, as well as opportunities and solutions that appear on the horizon to successfully overcome these challenges. Microfinance is the backbone of financial services provided to the needy, so every effort should be made to provide these segments with sustainable access to finance.

Speakers in the event were representatives from the Ministry of Finance and Economy, representatives from the Bank of Albania, the Financial Supervision Authority, the World Bank, the Albanian Banking Association, the Albanian Securities Exchange (ALSE), as well as international social finance promotion networks, such as the Center for Microfinance (MFC).

In his addressing as a keynote speaker, the Chief Executive Officer of the Albanian Securities Exchange (ALSE), Mr. Artan Gjergji, was focused at the main word common in all international financial markets: access to finance. This need is not only for SMEs but also for microfinance financial institutions themselves, which are faced with difficulties in finding cheap sources of financing.

Within this respect, Mr. Gjergji was focused mainly at the opportunities and incredible potential provided by capital markets to the domestic microfinance institutions, which can rise funds through securities issuance. This is not only a cheaper way of financing compared to the traditional ones, but also give to microfinance institutions the opportunity to be more present as well as more close to the investing public, giving a strong contribution to the need for financial education and financial inclusion in the country. Likewise, Mr. Gjergji stressed out the chances provided by capital market and exchange listing for the microfinance to increase the business volume in developing country economy such as Albania. A strong advantage in this respect is considered the fact that, despite the COVID-19 pandemic effects, based on the statistical data provided by the Albanian Association of Banks, the level of time deposits in the banking sector has reached the level of 10.4 billion EUR, presenting an extraordinary potential of free funds in the market.

In his closing remarks, Mr. Gjergji draw the attention of participants that rising capital through debt securities issuing and Exchange listing process will help microfinance institutions to better improve the financing discipline, budgeting and reporting, as well as will further increase their transparency in front of public, being in the same line with the best practices of Corporate Governance Principles.

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